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Enbridge Inc T.ENB

Alternate Symbol(s):  ENB | T.ENB.PF.A | T.ENB.PF.C | T.ENB.PF.E | ENBOF | ENBFF | T.ENB.PF.G | EBBNF | T.ENB.PF.U | T.ENB.PF.V | EBGEF | T.ENB.PR.A | ENBGF | T.ENB.PR.B | EBRGF | T.ENB.PR.D | EBRZF | T.ENB.PR.F | T.ENB.PR.H | ENBHF | T.ENB.PR.J | ENBRF | T.ENB.PR.N | ENNPF | ENBMF | T.ENB.PR.P | T.ENB.PR.T | T.ENB.PR.V | EBBGF | ENBNF | T.ENB.PR.Y | T.ENB.PF.K | T.ENB.PR.G | T.ENB.PR.I | T.ENB.PR.Z

Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and the United States. Gas Distribution and Storage consists of its natural gas utility operations. Renewable Power Generation consists of investments in wind and solar assets, geothermal, waste heat recovery, and transmission assets. Energy Services provides physical commodity marketing, logistics services, and energy marketing services. The Company owns Aitken Creek Gas Storage facility and Aitken Creek North Gas Storage facility.


TSX:ENB - Post by User

Post by Marner16on Dec 08, 2020 3:06pm
230 Views
Post# 32059853

The hunt for "white oil"

The hunt for "white oil"https://www.theguardian.com/news/2020/dec/08/the-curse-of-white-oil-electric-vehicles-dirty-secret-lithium

Lithium is a scarce commodity used in the EV battery industry. The demand for lithium is rampting up and is going to continue to grow which is driving the lithium mining industry.

If investors think the push back against oil is awkward, wait until they see what happens when lithium miners roll in heavy duty machinery to gouge out massive and permanent scars in landscapes all in the name of creating energy sucking Teslas that produce more GHG than ICEV's. 

ENB is for clean energy but they realize that the demand for energy is increasing and it will take decades to implement a renewable infrastructure.   In the interim, ENB will continue to be a leader in supplying safe and reliable energy with a shrinking GHG footprint and they will be at the forefront of the new  renewable energy roll out.

The more I learn about ENB, the better I like the company. It is inconceivable to me that the yield on the shares will gravitate back down to 5% and below as things settle down.  Do the math and smile 
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